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Report No. : |
311449 |
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Report Date : |
30.03.2015 |
IDENTIFICATION DETAILS
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Name : |
TERMINAL WEST TRADING SHPS |
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Registered Office : |
Tvalchrelidze Street 2, Isani-Samgori
District, Tbilisi 0182 |
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Country : |
Georgia |
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Date of Incorporation : |
19.05.2014 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as importers, wholesalers and
suppliers of building & decoration materials, hardware and consumer goods. |
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No. of Employees : |
200 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
-- |
NB |
New Business |
-- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Georgia |
B2 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEORGIA - ECONOMIC OVERVIEW
Georgia's main economic
activities include cultivation of agricultural products such as grapes, citrus
fruits, and hazelnuts; mining of manganese, copper, and gold; and producing alcoholic
and nonalcoholic beverages, metals, machinery, and chemicals in small-scale
industries. The country imports nearly all its needed supplies of natural gas
and oil products. It has sizeable hydropower capacity that now provides most of
its energy needs. Georgia has overcome the chronic energy shortages and gas
supply interruptions of the past by renovating hydropower plants and by
increasingly relying on natural gas imports from Azerbaijan instead of from
Russia. Construction of the Baku-T'bilisi-Ceyhan oil pipeline, the South
Caucasus gas pipeline, and the Kars-Akhalkalaki Railroad are part of a strategy
to capitalize on Georgia's strategic location between Europe and Asia and
develop its role as a transit point for gas, oil, and other goods. The expansion
of the South Caucasus pipeline, as part of the Shah Deniz II Southern Gas
Corridor project, will result in a $2 billion foreign investment in Georgia,
the largest ever in the country. Gas from Shah Deniz II is expected to begin
flowing in 2019. Georgia's economy sustained GDP growth of more than 10% in
2006-07, based on strong inflows of foreign investment and robust government
spending. However, GDP growth slowed following the August 2008 conflict with
Russia, and sunk to negative 4% in 2009 as foreign direct investment and
workers' remittances declined in the wake of the global financial crisis. The
economy rebounded in 2010-13, but FDI inflows, the engine of Georgian economic
growth prior to the 2008 conflict, have not recovered fully. Unemployment has
also remained high. Georgia has historically suffered from a chronic failure to
collect tax revenues; however, since 2004 the government has simplified the tax
code, improved tax administration, increased tax enforcement, and cracked down
on petty corruption, leading to higher revenues. The country is pinning its
hopes for renewed growth on a determined effort to continue to liberalize the
economy by reducing regulation, taxes, and corruption in order to attract
foreign investment, with a focus on hydropower, agriculture, tourism, and
textiles production. The government has received high marks from the World Bank
for its anti-corruption efforts. Over the past year the Georgian Dream-led
government continued the previous administration's low-regulation, low-tax,
free market policies, while modestly increasing social spending, strengthening
anti-trust policy, and amending the labor code to comply with International
Labor Standards. The government is finalizing its 2020 Economic Development
Strategy and has launched the Georgia Co-Investment Fund, a $6 billion private
equity fund that will invest in tourism, agriculture, logistics, energy,
infrastructure, and manufacturing.
|
Source
: CIA |
CO. NAME : TERMINAL WEST
TRADING SHPS (CORRECT)
TERMINAL WEST
TRADING LLC (REQUESTED)
Street : Tvalchrelidze Street 2
Area : Isani-Samgori District
Town : Tbilisi 0182
Country : Georgia
Mobile : (995 577) 411 133 (Irakli
Saanishvili)
E-Mail :
i.saanishvili@domino.com.ge / twtrading.georgia@gmail.com
Trading Style : Domino / Hypermarket Domino
Extended Name : Terminal West Trading Shazguduli
Pasukhismbgeblobis Sazagadoeba
English Translation : Terminal West Trading LLC
Name Position
1. Ruslan Shuldiki Managing Director
2. Andrei Somoylov Executive Director
3. Irakli
Saanishvili Marketing Manager
Total Employees : 200
No trade experience of
payments is available.
Subject is a newly
established company incorporated on 19 May 2014 and has not yet commenced
operations. Subject plans to commence operations by May 2015.
Opinion on maximum credit
: As the subject has not yet commenced
operations and has
no financial or
payment track
record, we recommend
dealing on fully
secured terms.
Trade risk assessment:
High
It is normal accepted
practice for international suppliers to deal on secured terms with Georgian
importers.
NAME : TBC BANK JSC
Branch : Sanaprio Street 2
Town : Tbilisi 0102
Telephone: (995 32) 227
2727
Fax : (995 32) 277 2774
The company also has an
account with other local banks.
As the Company has not
yet commenced operations, relevant financial information is not available.
Date Started : 19 May
2014
History : The subject
company was established in Georgia on 19 May 2014 and has not yet commenced
operations. Subject plans to commence operations by May 2015.
ID Code: 406119178
Capital : not given
Shazguduli Pasukhismbgeblobis Sazagadoeba (limited
liability company) ShPS) with the following director and sole shareholder:
Director
Ruslan Shuldiki
(Ukrainian national /
Personal No.: EE833620)
Shareholder
Terminal West B.V. 100%
the Netherlands
C.R. No. : 54241235
The Company will be
involved in the following activities :
Owners and operators of
a hypermarket.
Trading as importers,
wholesalers and suppliers of building & decoration materials, hardware and consumer
goods.
NACE Code: 4613
Imports from Europe,
Turkey and China.
Subject does not export,
all sales are domestic.
The Company has the
following facilities :
Owned premises comprising administrative offices, a hypermarket styled “Domino”
and storage facilities located at the heading address.
Tvalchrelidze Street
2
Isani-Samgori District
Tbilisi 0182
You enquired on: Terminal West
Trading LLC. Please note that this name applies to an English translation of
the subject’s name. Subject’s correct registered name is as per heading.
Interviewed: Irakli
Saanishvili (Marketing Manager).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.61 |
|
|
1 |
Rs.92.95 |
|
Euro |
1 |
Rs.68.15 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
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This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.